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CONTRACT FOR THE SALE AND PURCHASE OF REAL PROPERTY VERO MAR DEVELOPMENT, LTD., a limited partnership,.of P.O. Box 3444, Vero Beach, Florida 32960, hereinafter called the Seller, and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, of 1840 25th -Street, Vero Beach, Florida 32960, hereinafter called the Buyer, hereby agree that the Seller shall sell and the Buyer shall buy the following described property UPON THE TERMS AND CONDITIONS HEREINAFTER SET FORTH, which shall include the STANDARDS FOR REAL ESTATE TRANSACTIONS set forth on Exhibit A of this contract. 1. LEGAL DESCRIPTION of real estate located in Indian River County, Florida: As described in Exhibit -B- 2. PURCHASE PRICE AND METHOD OF PAYMENT: Purchase price Deposit $132,000.00 TOTAL CASH DUE AT CLOSING $132,000.00 3. TIME FOR ACCEPTANCE: If this contract is not executed by the seller and buyer on or before May 20, 1982, this agreement shall be null and void. The date of contract, for pur- pose of performance, shall be regarded as the date when the last one of the seller and buyer has signed this contract. 4. CLOSING DATE: This contract shall be closed and the deedandpossession shall be delivered on or before the 20th of June, 1982; unless extended by other provisions of this contract. 5. PRORATIONS: Taxes, and other expenses and revenue of said property shall be prorated as of the date of closing. 6. EVIDENCE OF TITLE: Within fifteen (15) days from the date of this contract, the seller shall, at his expense, deliver to the buyer's attorney in accordance with Standard A a title guarantee commitment. n 7. CONVEYANCE: Seller shall convey title to the afore- said property to the buyer by warranty deed subject to matters contained in this contract and taxes for the year of closing. 8. RESTRICTIONS AND EASEMENTS: The buyer shall take title subject to: (a) Zoning and/or restrictions and prohibitions MAV 19 �1 82 49